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Fisker Atlantic Could Bring New Strategic Partners, CEO Says

It’s probably not much fun being Tony Posawatz, the latest CEO of Fisker Automotive, these days.

Consider the list of challenges he faces:

Fisker appears to have built only 2,000–perhaps 3,000–of its Karma range-extended electric luxury sedan, not the 15,000 it projected for its first year
The company’s recently-closed $100 million financing round appears to give the company a lower value than prior rounds
Consumer Reports slammed the 2012 Fisker Karma, calling it “full of flaws” and deeming its touchscreen controls an “ergonomic disaster.”
The company had to recall all its Karmas to replace a defective fan that caused at least one fire in August, and possibly an earlier one in May as well

The ever-upbeat Posawatz, though, sees better times ahead for the startup automaker.

And, he said he is in discussions with “other strategic partners” as the company gets down to work on the design, engineering, testing, prototyping, and early production of the less expensive Atlantic mid-size sedan that will be its next product.

The Fisker Atlantic, unveiled in April at the New York Auto Show, will be built on a different platform than the Karma. It is roughly the same size, Posawatz said, as a BMW 5-Series, but will use the company’s range-extended electric drive.


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